Forexpros.com Daily Analysis - 26/11/2009
 

Forexpros Daily Analysis Nov 26, 2009


Special Event: Strategic & Tactical FOREX Trading

Hosted by: Wayne McDonell, founder of FXBootcamp
Thu, Dec 3, 2009, 11:00 EST/ 16:00 GMT

Forexpros is proud to host Wayne McDonell, world renowned Forex trading expert, in a unique webinar which will be held next week.
In this educational presentation Wayne will teach how to use technical analysis to align market and price forces for better trading opportunities with potentially less risk.
Trade planning, with the use of moving average entries and pivot point exits, will be discussed in a easy to understand "how to" manner.



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Fundamental Events:

The Swiss KOF Economic Research Agency will publish its "Leading Indicators Index" Tomorrow (Nov 27), which determines the overall economic health of the country's economy.
The Index is comprised of 12 indicators related to consumer confidence, banking confidence, production, new orders and housing- and sheds light on the economic trend and the movement of GDP growth in Switzerland.
A higher than expected reading should be taken as positive/bullish for the CHF, while a lower than expected reading should be taken as negative/bearish for the CHF.
Analysts predict Tomorrow's Index to stand at 1.85, rapidly climbing since last May's slump of -1.86.
For Further reading, visit the Forexpros

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[color=black]The Euro broke the resistance 1.5018, and reached both suggested targets 1.5082 & 1.5144 successfully and with an unbelievable accuracy (yesterday